LKV Realty
Logo
$382,500
$1,900Reward *
521 N 6th Street, Allentown City, PA 18102Listing ID 771377

521 N 6th Street, Allentown City, PA 18102

Active
Old Frgrnds Historic
Time on site: 177 daysLast updated: Apr 15, 2026
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Apartment
Bedrooms
Bedrooms
5
Bathrooms
Bathrooms
3
Square Feet
Square Feet
2,208
Acres
Acres
0.04
Days on Site
Days on Site
176
Cooling
Cooling
None
Heating
Heating
Baseboard, Electric
Year Built
Year Built
1890
Stories
Stories
3
Parking
Parking
Detached, Garage, On Street

Excellent opportunity to acquire a performing SRO house in the heart of Allentown’s rental corridor. This income-producing property offers strong in-place cash flow and solid long-term upside for investors seeking reliable returns. The property generates approximately $37,656 in annual gross income, producing a Net Operating Income of $31,490 and an attractive 7.59% cap rate at the current asking price. ? With very little monthly expenses and minimal vacancy, this asset delivers positive annual cash flow of approximately $7,035, equating to roughly $586 per month in net income. ? Based on current projections, buyers can expect a first-year return on equity of approximately 22.5%, supported by stable cash flow, principal reduction, and appreciation. The first and second floors have a total of 4 units, two on each level, and each has their own kitchen and living space. The tenants maintain the common bathrooms, one on each floor. The 3rd floor unit has its own private bathroom.

Property Information

Property Details

Location

Address
521 N 6th Street
County
Lehigh
City
Allentown City
Zip Code
18102
Subdivision
Old Frgrnds Historic
School District
Allentown
MLS Area
Allentown-Central

Interior Features

Beds and Baths

Bedrooms
5
Full Bathrooms
3

Building

Building Information

Square Feet
2,208
Year Built
1890
Stories
3
Construction
Brick

Financial

Special Conditions
None

Property Taxes

Tax Annual Amount
$2,537
The Real Estate Firm&PropMngmt, (484) 542-6568

Market Report for 18102

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: Greater Lehigh Valley REALTORS®
Greater Lehigh Valley REALTORS® logo

IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but is not guaranteed accurate by the MLS.

For corrections to this data please contact Brytecore MLS Support.

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